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Blog Post
December 2, 2008
This afternoon, the Government Accountability Office (GAO) released the first in a series of Congressionally-mandated oversight reports on the Troubled Asset Relief Program (TARP) established in the economic rescue package. GAO found:
Treasury has yet to address a number of critical issues, including determining how it will ensure that CPP is achieving its intended goals and monitoring compliance with limitations on executive compensation and dividend payments. Moreover, further actions are needed to formalize transition planning efforts and establish an effective management structure and an essential system of internal control. To help ensure the program's integrity, accountability, and transparency, GAO recommends that Treasury:
Press Release
December 2, 2008
"The GAO's discouraging report makes clear that the Treasury Department's implementation of the TARP is insufficiently transparent and is not accountable to American taxpayers. As part of its flagship program to invest directly in financial institutions, the Treasury Department failed to impose conditions on the use of government funds, which were intended to help ease the credit crunch, undermining the intent of the Emergency Economic Stabilization Act and public confidence."
Press Release
December 2, 2008
"There is no greater urgency in protecting the American people than addressing the threats posed by weapons of mass destruction proliferation and terrorism."
Press Release
December 2, 2008
"The holidays are a time to join with family and friends and to celebrate the many blessings bestowed on us. We should also say a prayer this holiday season that the peace we hope for ourselves and for our families is visited upon all the people of the world."
Speech
December 2, 2008
"The holidays are a time to join with family and friends and to celebrate the many blessings bestowed on us. We should also say a prayer this holiday season that the peace we hope for ourselves and for our families is visited upon all the people of the world."
Press Release
December 2, 2008
"As both Members and visitors enjoy the educational benefits of Capitol Visitor Center, we will be inspired to explore new paths and to write new chapters in our nation's great history."
Speech
December 2, 2008
"As both Members and visitors enjoy the educational benefits of Capitol Visitor Center, we will be inspired to explore new paths and to write new chapters in our nation's great history."
Blog Post
December 1, 2008
This year marks 20 years since the first World AIDS Day was commemorated to raise awareness and move the nations of the world to act. Although it took far too long, the world is finally rising to the challenge. Since 2002, international HIV/AIDS assistance has increased nearly five-fold. As a result, the number of people in developing countries receiving antiretroviral medications has increased ten times to more than 3 million. Increased access to treatment is already saving lives, with the number of AIDS deaths beginning to decline in 2005 after decades of increases.
Press Release
December 1, 2008
"With the selection of this excellent national security team, President-elect Obama has made clear that he understands his first responsibility is to keep the American people safe. He has moved decisively to assemble an outstanding team that reflects our national priorities and will meet our global challenges. All the members of this team have tremendous experience, great intellect, strong leadership, and a commitment to change."
Press Release
December 1, 2008
Speaker Nancy Pelosi and Congressman George Miller, Chair of the House Democratic Policy Committee, met this morning with Governors Ed Rendell of Pennsylvania and Jim Douglas of Vermont, the chairman and vice chairman of the National Governors Association.